Europe: Whey Market 2024

Whey Market Size in Europe

The Europe whey market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Whey Production in Europe

In value terms, whey production surged to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Whey Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of whey, when their volume decreased by X% to X tons. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, whey exports rose sharply to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Germany (X tons), followed by France (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons), Belgium (X tons), Ireland (X tons), Austria (X tons) and Belarus (X tons) represented the largest exporters of whey, together comprising X% of total exports. Sweden (X tons), Latvia (X tons), Spain (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Ireland, Italy, Poland, Austria, Belarus, Spain, the Czech Republic, Belgium, Latvia and Sweden lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Whey Imports

Imports in Europe

For the fourth consecutive year, Europe recorded growth in overseas purchases of whey, which increased by X% to X tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, whey imports rose rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons) and Germany (X tons) represented the key importers of whey in 2022, amounting to near X% and X% of total imports, respectively. France (X tons) took the next position in the ranking, followed by Denmark (X tons). All these countries together took near X% share of total imports. Italy (X tons), Poland (X tons), Belgium (X tons), the Czech Republic (X tons), Lithuania (X tons), the UK (X tons), Austria (X tons) and Slovakia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported whey in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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